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Regarding the legitimacy of SGM-FX forex brokers, it provides a comprehensive investigation into the security aspects of regulatory FCA, and WikiBit, as well as whether there are any negative scam reviews.
Rating Index
WikiFX Detection
Business
Field Survey Danger 
Risk Control
Risk Manage 
Is SGM-FX safe?
The regulatory license is the strongest proof.
FCA Payment License
Financial Conduct Authority
Financial Conduct Authority
Regulatory Agencies Introduction
Current Status:
ExceededLicense Type:
Payment License
Licensed Institution:
SGM - Foreign Exchange Limited
Effective Date:
2018-01-13Email Address of Licensed Institution:
compliance@sgm-fx.comSharing Status:
No SharingWebsite of Licensed Institution:
https://www.sgm-fx.com/Expiration Time:
--Address of Licensed Institution:
41 Eastcheap London EC3M 1DT UNITED KINGDOMPhone Number of Licensed Institution:
+44 2072201740Licensed Institution Certified Documents:
Is SGM-FX a scam, or is it legit?
The latest exposure and evaluation content of SGM-FX brokers.
stay away from them.
I'm going to share my horrible expirience with that broker
SGM-FX.
I did a report in AFCA and the idea here is share the kind
of problem you can have with that broker.
I'm trying to withdraw my profits from those guys and they
asked dozens of confirmations and everything.... ok, so far, no problem, all of
them are very good to deposit and horrible to withdraw, SGM-FX isn't an
exception.
I sent all documents and confirmations they asked.. billing,
bank statement, selfie holding my passaport all kind of shi@#$% they
requested... and here I'm, so far almost two months to withdraw only $300
bucks.
Legitimacy of similar brokers
SGM-FX's latest industry rating score is 5.11, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. SGM-FX
If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.